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TABLE OF CONTENTS

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UNLOCKING GLOBAL EMISSION REDUCTION CREDIT

Strategic Guidance for Country System Assessments

1. Introduction to Emission Reduction Credits

• The World Bank's Emission Reduction Program

• Emission Reduction Credits

• Classification of Emissions Reduction Credit

• Policy Context of Emissions Reduction Credit

2. Objective of the Strategic Guidance for Country System Assessments

• Objective of these Guidelines

• Introduction to the Country System Assessment Framework

• Process to conducting assessments

3. Framework Component Deep Dives

• I1: Appropriate Institutional Mandates

• I2: Capabilities Developed

• I3: Transparency and Accountability Mechanisms in Place

• S1: Well-Defined Asset Rights

• S2: Streamlined Project Permitting

• S3: Globally Accepted Methodologies

• S4: Defined Benefit-Sharing Frameworks

• V1: Robust MRV Approaches

• V2: Adequate VVB Capabilities

• D1: Defined Article 6 Transaction Frameworks

• D2: Develops Trading Infrastructure & Mechanisms

4. Scope for Further Refinements

Abbreviations

Appendices :

• Appendix A: Approach for Cooperative Approaches

• Appendix B: Sample Country Assessment Pages

Streamlined Project Permitting

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On this page: The right permitting processes can drive the growth of the ERC market and contributing to the country's sustainable development goals. Read more below, or visit Strategic Guidance for Country System Assessments, Guidance for Countries in Assessing ERC Projects, or Mobilizing ERC Finance.

S2: Streamlined project permitting. Streamlined permitting processes for ERC projects are essential for project developers to deploy capacity and resources to any market. This criterion examines whether the permitting processes for developers and projects are efficient and streamlined, enabling the focus on project delivery. The right permitting processes can enable developers to accelerate the project development activities to generate ERCs, driving the growth of the ERC market and contributing to the country's sustainable development goals.

Guideposts for best practice
Transparent and streamlined licensing and permitting processes for various stakeholders and activities within the ERC value chain, and well-coordinated with the relevant state institutions (e.g., trade, land, etc.,), including forward-looking elements such as project developers, distinct projects to be developed, and financial intermediation.
Sequencing for roadmap
Impact	High – Clear and robust approval processes serve as positive markers for project developers looking to deploy resources in any market	Phase 1: Establishing the foundations of an ERC supply market
Resources needed	Low – Most countries have business permitting processes in place that can be leveraged and improved for the purpose of ERC project development

For an in-depth discussion on each component in the Country System Assessment Framework visit Framework Component Deep Dives.

Note(s):

This section is intended to be a living document and will be reviewed at regular intervals. The Guidelines have not been prepared with any specific transaction in mind and are meant to serve only as general guidance. It is therefore critical that the Guidelines be reviewed and adapted for specific transactions. Unless expressly stated otherwise, the findings, interpretations, and conclusions expressed in the Materials in this Site are those of the various authors of the Materials and are not necessarily those of The World Bank Group, its member institutions, or their respective Boards of Executive Directors or member countries. For feedback on the content of this section of the website or suggestions for links or materials that could be included, please contact the Public-Private Partnership Resource Center at ppp@worldbank.org.

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Updated: August 8, 2024